SaralnamaSaffronart's auction in Delhi fetched ₹3,340 crore, setting a South Asian art record. Vasudeo Gaitonde's 1971 painting sold for ₹629 crore. Today, India's art market is worth ₹28,100 crore. From 2000 to now, it grew from ₹166 crore. Until 2030, it may reach ₹91,500 crore. Next, new buyers and diaspora collectors drive demand. Sotheby's recent auction earned ₹2,120 crore. Art fairs, galleries, and museums are expanding across India. Kiran Nadar Museum's new Delhi building opens in 2026. Art Mumbai fair expects 40,000 visitors in November. However, support for emerging artists remains crucial. (Updated 11 Oct 2025, 05:56 IST; source: link)
Key Points
- Saffronart's auction in Delhi fetched ₹3,340 crore, setting a South Asian art record
- Vasudeo Gaitonde's 1971 painting sold for ₹629 crore
- Today, India 's art market is worth ₹28,100 crore